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Part 1
Business Ethics
chairman based in Singapore, who was at the helm of
affairs when the scam broke out and who was questioned
by the CBI in Hyderabad, stepped down prematurely to
hand over charge to Gautam Banerjee.
CRACKS IN INDIA’S CORPORATE GOVERNANCE
STRUCTURES
Above all, the Satyam scam has exposed huge cracks
in India’s corporate governance structures and system
of regulation through the SEBI, Ministry of Corporate
Affairs and the SFIO. Unless the entire system is radi-
cally overhauled and made publicly accountable, cor-
rupt corporate practices will recur, robbing wealth
from the exchequer, public banks and shareholders.
Raju ...